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  5. ZSP: Hi 5i Team, My husband and I are in our RRIF years so we have large injections of withdrawn cash into our investment accounts throughout the year. [BMO S&P 500 Index ETF]
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Investment Q&A

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Q: Hi 5i Team,
My husband and I are in our RRIF years so we have large injections of withdrawn cash into our investment accounts throughout the year. We also sell stocks from time to time when they reach a target price and end up with more cash. The intention is to reinvest but often deciding what and when to buy means that large sums are sitting idle for long periods. HISAs, GICs and other interest bearing alternatives are generally not worth the effort given how they are taxed.

We would like your recommendations on what to do with these funds while researching and waiting for appropriate investments to surface. I’m thinking index funds and ETFs - things that are taxed efficiently and are liquid.

Have you any specific, short term recommendations? They could be Canadian or US as long as they can be bought and sold easily and quickly.

Thank you for your thoughts!
Asked by Heather on October 01, 2025
5i Research Answer:

With the understanding that equity ETFs are different than cash (massively) we would suggest ZSP and XIC for general market exposure and dividends. VBAL is liquid enough if one wanted a mix of equities and bonds.